PUBLISHER: IMARC | PRODUCT CODE: 1298692
PUBLISHER: IMARC | PRODUCT CODE: 1298692
Humic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global humic acid market size reached US$ 603.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,063.8 Million by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028.
Humic acid (C9H9NO6) is a water-soluble organic substance that coagulates when the base extract is acidified. It is extensively used in fertilizer additives for improving crop fertility, enhancing plant growth by enabling nutrient absorption, preventing soil erosion, and maintaining soil texture, pH level, and moisture-holding capacity. Humic acid encapsulates essential nutrients, such as minerals, potassium, phosphorous, and vitamins. At present, it is commercially available in the market in varying types, such as powdered, granular, and liquid forms.
Humic Acid Market Trends:
The widespread adoption of humic acid in horticulture for enhancing cation-exchange capacity (CEC) and oxygen content in the soil is one of the key factors driving the humic acid market growth. In line with this, the shifting inclination of farmers toward organic fertilizers over chemicals due to their harmful side effects is acting as another growth-inducing factor. Moreover, the introduction of bio-stimulants that aid in influencing plant growth by enhancing their tolerance to abiotic stresses and fueling grain yield quality is contributing to the market growth. Moreover, the extensive utilization of humic acid in animal feed to maintain the overall health of animals and upsurge milk production is propelling the market growth. Apart from this, several initiatives undertaken by the governments of various countries for strengthening the agricultural sector by implementing the usage of organic fertilizers to promote crop yield and the rapidly growing population catalyzing the overall food demand are creating a positive outlook for the market. The market is also driven by the growing awareness regarding the numerous health benefits of humic acid and its extensive utilization in the cosmetics, pharmaceutical and nutraceutical industries across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global humic acid market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on form, sales channel and application.
Breakup by Form:
Powdered
Granular
Liquid
Breakup by Sales Channel:
Direct
Indirect
Breakup by Application:
Agriculture
Animal Feed
Pharmaceuticals
Horticulture
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agbest Technology Co. Limited, Arctech Inc., Black Earth Humic, Cifo Srl, Desarrollo Agricola y Minero S.A., Humic Growth Solutions Inc., Humintech GmbH, Jiangxi Pingxiang Anhua Biotechnology Co. Ltd., Jiloca Industrial S.A. (JISA), Saint Humic Acid, The Andersons Inc. and Xian Shan Yuan Agriculture & Technology Co. Ltd.
Key Questions Answered in This Report
1. What was the size of the global humic acid market in 2022?
2. What is the expected growth rate of the global humic acid market during 2023-2028?
3. What has been the impact of COVID-19 on the global humic acid market?
4. What are the key factors driving the global humic acid market?
5. What is the breakup of the global humic acid market based on the application?
6. What are the key regions in the global humic acid market?
7. Who are the key players/companies in the global humic acid market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Humic Acid Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Form
- 6.1 Powdered
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Granular
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Liquid
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Sales Channel
- 7.1 Direct
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Indirect
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Agriculture
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Animal Feed
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Pharmaceuticals
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Horticulture
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Agbest Technology Co. Limited
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Arctech Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Black Earth Humic
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cifo Srl
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Desarrollo Agricola y Minero S.A.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Humic Growth Solutions Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Humintech GmbH
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Jiangxi PingxiangAnhua Biotechnology Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Jiloca Industrial S.A. (JISA)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Saint Humic Acid
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 The Andersons Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Xian Shan Yuan Agriculture & Technology Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Agbest Technology Co. Limited
List of Figures
- Figure 1: Global: Humic Acid Market: Major Drivers and Challenges
- Figure 2: Global: Humic Acid Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Humic Acid Market: Breakup by Form (in %), 2022
- Figure 5: Global: Humic Acid Market: Breakup by Sales Channel (in %), 2022
- Figure 6: Global: Humic Acid Market: Breakup by Application (in %), 2022
- Figure 7: Global: Humic Acid Market: Breakup by Region (in %), 2022
- Figure 8: Global: Humic Acid (Powdered) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Humic Acid (Powdered) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Humic Acid (Granular) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Humic Acid (Granular) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Humic Acid (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Humic Acid (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Humic Acid (Direct) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Humic Acid (Direct) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Humic Acid (Indirect) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Humic Acid (Indirect) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Humic Acid (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Humic Acid (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Humic Acid (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Humic Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Humic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Humic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Humic Acid (Horticulture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Humic Acid (Horticulture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Humic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Humic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Humic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Humic Acid Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Humic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Humic Acid Industry: SWOT Analysis
- Figure 78: Global: Humic Acid Industry: Value Chain Analysis
- Figure 79: Global: Humic Acid Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Humic Acid Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Humic Acid Market Forecast: Breakup by Form (in Million US$), 2023-2028
- Table 3: Global: Humic Acid Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
- Table 4: Global: Humic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Humic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Humic Acid Market: Competitive Structure
- Table 7: Global: Humic Acid Market: Key Players
